When You See an Airplane Flying Away from You, It

question 62

Multiple Choice

When you see an airplane flying away from you, it appears to get smaller. However, you know that it stays the same size. The difference between your sensation and your perception of the plane illustrates the concept of

• A) perceptual constancy.
• B) sensory confusion.
• C) sensory consistency.
• D) perceptual disparity.

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Definitions:

Economic Significance

The importance or impact of an economic activity or phenomenon in terms of its effects on the overall economy, such as employment levels or GDP.

Exchange

The act of trading goods, services, currencies, or other items of value between parties.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than competitors.

Production Possibilities Curve

A graph that shows the combinations of two goods that an economy can produce using all its resources efficiently.